Birchcliff Energy (OTCMKTS:BIREF) Shares Gap Up – Time to Buy?

Shares of Birchcliff Energy Ltd. (OTCMKTS:BIREF) gapped up prior to trading on Wednesday . The stock had previously closed at $4.70, but opened at $4.92. Birchcliff Energy shares last traded at $4.88, with a volume of 2,500 shares.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Birchcliff Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Birchcliff Energy presently has a consensus rating of “Moderate Buy”.

Birchcliff Energy Stock Up 1.4%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average price is $4.78 and its 200-day moving average price is $5.08. The stock has a market capitalization of $1.36 billion, a PE ratio of 29.06 and a beta of 0.20.

Birchcliff Energy (OTCMKTS:BIREF) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Birchcliff Energy had a return on equity of 3.11% and a net margin of 9.45%.The company had revenue of $158.68 million during the quarter, compared to analyst estimates of $156.21 million.

Birchcliff Energy Company Profile

Birchcliff Energy Ltd. (OTCMKTS: BIREF) is a Canada-based exploration and production company headquartered in Calgary, Alberta. Since its founding in 2000, Birchcliff has focused on developing natural gas, natural gas liquids and light oil resources in Western Canada. The company is publicly listed on the Toronto Stock Exchange and the OTC Markets and maintains an integrated asset base to support its upstream and midstream activities.

The company’s core operations are concentrated in the Montney formation of northeastern British Columbia and northwestern Alberta, one of North America’s largest unconventional resource plays.